China Solidifies New-Found Position as World’s Largest Business Travel Market

China Solidifies New-Found Position as World’s Largest Business Travel Market

On Monday, GBTA held a Gift of Knowledge Workshop in Chengdu focused on measuring the success of managed travel programs. The GBTA Foundation also released its latest business travel forecast for the Chinese market showing China remains one of the fastest growing business travel markets in the world. Total business travel spending is expected to…

Global Business Travel Spend has Doubled in the Last 15 Years

Global Business Travel Spend has Doubled in the Last 15 Years

People who work in the global travel industry know that theirs is a robust and growing market. Certainly, travel buyers, suppliers, managers and individual travelers alike know that global business travel spurs growth, fosters vital relationships and establishes the framework for innovation. Still, $1.2 trillion is a big number – roughly equivalent to Spain’s GDP…

Trends in Group and Individual U.S. Business Travel

Trends in Group and Individual U.S. Business Travel

2016 is off to a slow start for business travel for both group and individual business travel according to GBTA’s BTI Outlook – United States 2016 Q1, which was recently released and sponsored by Visa. The study found there was paltry growth for individual business travel volume, which grew 0.3 percent in 2015 and actually…

Challenges Persist for International Outbound Travel from the United States

Challenges Persist for International Outbound Travel from the United States

In 2015, the global economic growth rate grew at its slowest rate since 2009. This stagnant growth had a clear impact on international outbound (IOB) travel from the United States according to GBTA’s BTI 2016 Q1 Outlook, which was sponsored by Visa. For years IOB travel growth was a key driver of the economic recovery…

Week in Review
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Week in Review

For Earth Day, airports and airlines are marking the day with environment-focused special events, according to USA Today. In major news this week, the Los Angeles Times covered a recent GBTA Foundation report showing China has surpassed the United States as the global leader in business travel spending. Entrepreneur also reported on the reasons behind…

China Overtakes the United States as World’s Largest Business Travel Market

China Overtakes the United States as World’s Largest Business Travel Market

While it is pretty much a photo finish, China edged past the United States in total business travel spending at the end of 2015 by a billion U.S. dollars making it the largest business travel market in the world. The two countries finished the year with $291.2 billion in spend compared to $290.2 billion, respectively,…

A Deeper Dive into GBTA’s U.S. Business Travel Forecast
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A Deeper Dive into GBTA’s U.S. Business Travel Forecast

Last week, the GBTA Foundation released our latest quarterly U.S. business travel outlook projecting just over 3 percent growth in business travel spending for 2016 and 2017. Here are three key questions we’ve been hearing about the forecast. Will airfares drop in 2016? In 2015, price growth was the lowest we’ve witnessed since the Great…